Cwm LLC Has $4.69 Million Holdings in Analog Devices, Inc. (NASDAQ:ADI)

CWM LLC raised its holdings in shares of Analog Devices, Inc. (NASDAQ:ADI - Free Report) by 17.3% in the 1st quarter, according to its most recent 13F filing with the SEC. The fund owned 23,275 shares of the semiconductor company's stock after acquiring an additional 3,436 shares during the period. CWM LLC's holdings in Analog Devices were worth $4,694,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. China Universal Asset Management Co. Ltd. increased its position in shares of Analog Devices by 284.4% in the 1st quarter. China Universal Asset Management Co. Ltd. now owns 31,050 shares of the semiconductor company's stock valued at $6,262,000 after buying an additional 22,973 shares in the last quarter. Broderick Brian C increased its position in shares of Analog Devices by 2.6% in the 4th quarter. Broderick Brian C now owns 79,221 shares of the semiconductor company's stock valued at $16,831,000 after buying an additional 2,017 shares in the last quarter. Freestone Grove Partners LP bought a new stake in shares of Analog Devices in the 4th quarter valued at $10,212,000. Sowell Financial Services LLC bought a new stake in shares of Analog Devices in the 1st quarter valued at $296,000. Finally, Keybank National Association OH increased its position in shares of Analog Devices by 85.8% in the 1st quarter. Keybank National Association OH now owns 27,077 shares of the semiconductor company's stock valued at $5,461,000 after buying an additional 12,505 shares in the last quarter. Institutional investors own 86.81% of the company's stock.

Insider Buying and Selling

In other Analog Devices news, CEO Vincent Roche sold 10,000 shares of the firm's stock in a transaction that occurred on Thursday, May 1st. The shares were sold at an average price of $196.84, for a total value of $1,968,400.00. Following the sale, the chief executive officer owned 142,996 shares in the company, valued at $28,147,332.64. This trade represents a 6.54% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director Ray Stata sold 3,125 shares of the firm's stock in a transaction that occurred on Tuesday, May 6th. The shares were sold at an average price of $195.84, for a total transaction of $612,000.00. Following the completion of the sale, the director owned 180,071 shares in the company, valued at $35,265,104.64. This represents a 1.71% decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.33% of the company's stock.

Analog Devices Stock Performance

Shares of ADI traded up $0.88 during mid-day trading on Friday, hitting $241.85. 2,761,520 shares of the company's stock were exchanged, compared to its average volume of 3,595,673. Analog Devices, Inc. has a 52 week low of $158.65 and a 52 week high of $247.73. The stock's 50-day simple moving average is $229.40 and its 200-day simple moving average is $214.47. The firm has a market cap of $120.02 billion, a price-to-earnings ratio of 65.90, a price-to-earnings-growth ratio of 2.22 and a beta of 1.02. The company has a quick ratio of 1.51, a current ratio of 2.08 and a debt-to-equity ratio of 0.19.

Analog Devices (NASDAQ:ADI - Get Free Report) last announced its earnings results on Thursday, May 22nd. The semiconductor company reported $1.85 EPS for the quarter, topping the consensus estimate of $1.70 by $0.15. Analog Devices had a net margin of 18.65% and a return on equity of 9.56%. The company had revenue of $2.64 billion for the quarter, compared to analysts' expectations of $2.50 billion. During the same period last year, the firm earned $1.40 earnings per share. The business's revenue for the quarter was up 22.3% on a year-over-year basis. On average, equities research analysts expect that Analog Devices, Inc. will post 7.14 EPS for the current year.

Analog Devices Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, June 18th. Investors of record on Wednesday, June 4th were paid a $0.99 dividend. The ex-dividend date of this dividend was Wednesday, June 4th. This represents a $3.96 dividend on an annualized basis and a yield of 1.64%. Analog Devices's dividend payout ratio (DPR) is 107.90%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the stock. Needham & Company LLC reaffirmed a "hold" rating on shares of Analog Devices in a research note on Friday, May 23rd. Piper Sandler reduced their target price on shares of Analog Devices from $240.00 to $215.00 and set a "neutral" rating for the company in a research note on Friday, May 23rd. KGI Securities assumed coverage on shares of Analog Devices in a research note on Friday, May 23rd. They issued a "buy" rating for the company. Benchmark reaffirmed a "buy" rating and issued a $260.00 target price (down from $275.00) on shares of Analog Devices in a research note on Friday, May 23rd. Finally, Keefe, Bruyette & Woods raised shares of Analog Devices to an "outperform" rating in a research note on Wednesday, June 18th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, twenty have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $258.89.

Analog Devices Company Profile

Analog Devices, Inc designs, manufactures, tests, and markets integrated circuits (ICs), software, and subsystems products in the United States, rest of North and South America, Europe, Japan, China, and rest of Asia. The company provides data converter products, which translate real-world analog signals into digital data, as well as translates digital data into analog signals; power management and reference products for power conversion, driver monitoring, sequencing, and energy management applications in the automotive, communications, industrial, and consumer markets; and power ICs that include performance, integration, and software design simulation tools for accurate power supply designs.